January 3 (SeeNews) - Bulgarian diversified group Bulgartabac Holding [BUL:BTH] said that Tala Ltd, registered in the United Arab Emirates, has acquired the entire 14.75% stake in the business held by Lichtenstein-registered Stiga Anstalt.
Tala purchased 1,086,595 shares in the Bulgarian group after Stiga Ansalt divested the same number of units on December 22, Bulgartabac Holding said after close of trading on the Bulgarian Stock Exchange on Tuesday, without disclosing further information.
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The announcement of the transaction came on the same day when Bulgartabac announced that Liechtenstein-based Woodford Establishment has sold its 24% ownership in the holding to Monoceros Ltd, a company registered in the UAE.
Shares in Bulgartabac Holding closed at 8.50 levs on Tuesday, for a market capitalisation of some 62.6 million levs ($35.1 million/32 million euro), bourse data show.
(1 euro = 1.95583 levs)